Mortgage Blog

Getting you the mortgage you deserve

Category: Mortgage Tips & Advice (24 posts)

Is consolidating your debt into your mortgage a good idea?

Is consolidating your debt into your mortgage a good idea?

November 29, 2019 | Posted by: Ask Ana Cruz

If you are struggling with multiple loans, credit card and other debt, you may have thought about debt consolidation or debt restructuring.  You’ve probably thought “is this a good ...

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The 10 Mortgage Closing Rules

The 10 Mortgage Closing Rules

November 22, 2019 | Posted by: Ask Ana Cruz

Buying a new home can be a very exciting time in your life.  It can also be a time where a lot happens in a short amount of time and so it’s important not to forget the 10 Mortgage Closing ...

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The Pros And Cons Of Reverse Mortgages - A Quick Guide

The Pros And Cons Of Reverse Mortgages - A Quick Guide

November 28, 2018 | Posted by: Ana Cruz

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen ...

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Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

September 26, 2018 | Posted by: Ana Cruz

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a ...

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5 MONEY SAVING TIPS

5 MONEY SAVING TIPS

September 18, 2018 | Posted by: Ask Ana Cruz

There’s something about September that signals a fresh start. It’s a perfect time to get serious about saving money on your mortgage. So get out your notebook: here are five surprisi ...

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The Differences Between a Credit Freeze and Credit Lock, and How They Can Protect You from Identity Theft

The Differences Between a Credit Freeze and Credit Lock, and How They Can Protect You from Identity Theft

August 16, 2018 | Posted by: Ask Ana Cruz

From your full name, to your address, to your social security number - almost every detail about you is stored in a database somewhere. This information floats around in digital clouds and servers, al ...

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Sometimes it take a village

Sometimes it take a village

July 4, 2018 | Posted by: Ana Cruz

Sometimes it takes a village, this seems to be the theme of 2018. With the new stress test imposed in January 2018, the increase in the qualifying rate and interest rates in general, we have seen tha ...

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Mortgage Misconceptions

Mortgage Misconceptions

June 28, 2018 | Posted by:

Getting a mortgage can be very simple or one of the hardest and most stressful tasks depending on how the process is approached. It is important to do your homework, review finances and find a profess ...

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How can I increase my credit score?

How can I increase my credit score?

March 7, 2018 | Posted by: Ana Cruz

Five credit habits that can boost your score    Your credit score is essentially your passport to financial opportunities. With a possible range of 300 to 900, your score tells lender ...

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What documents do you need?

What documents do you need?

February 11, 2018 | Posted by: Ana Cruz

  Are you looking for a pre-approval or an approval? This is where you will find the difference between pre-approvals and approvals as well as a list of documents required for each.   Wha ...

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Plan Now for your Mortgage Renewal !

Plan Now for your Mortgage Renewal !

February 6, 2018 | Posted by: Ask Ana Cruz

Start Planning Now for your Upcoming Mortgage Renewal !  The best plan to prepare for your upcoming mortgage renewal is…. just that, a plan. Mortgage rates have recently increased and th ...

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Understanding Your Payment Frequency

Understanding Your Payment Frequency

February 6, 2018 | Posted by: Ana Cruz

I can pretty much guarantee you each week I have a client ask me a question such as  'Why should I pay my mortgage bi-weekly vs accelrated bi-weekly” or 'Why should I pay my mortgage mo ...

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Taking your time to purchase?

Taking your time to purchase?

February 1, 2018 | Posted by:

Do you want to make a move in 2018, but aren’t ready to do so tomorrow or maybe even next month if that perfect house doesn’t come along? Or are you waiting to “see what the market d ...

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Understanding Insurance

Understanding Insurance

January 31, 2018 | Posted by: Ask Ana Cruz

It’s easy to get caught up in home buying frenzy and just focus on finding that perfect home. During all that excitement, be sure to take some time to get acquainted with a few key terms. Here ...

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Welcome Home Card

Welcome Home Card

January 29, 2018 | Posted by: Ana Cruz

It’s not often I will advise my clients to add another credit card to their wallet, so why write about credit cards?  First, let me start by saying, that it's important to handle credit re ...

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Variable or Fixed? What should I do?

Variable or Fixed? What should I do?

January 25, 2018 | Posted by: Ana Cruz

The sky is falling, the sky is falling, or at least that seems to be what most people were thinking last week.   It seems we have all gotten used to historically low interest rates and there ...

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Bank of Canada increases benchmark rate

Bank of Canada increases benchmark rate

January 17, 2018 | Posted by: Ask Ana Cruz

The Bank of Canada announced today that it is raising the overnight rate .25 per cent given a strong economy and despite the uncertainty surrounding NAFTA. The Bank noted that the Canadian and global ...

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Ten Mortgage Tips

Ten Mortgage Tips

January 11, 2018 | Posted by: Ask Ana Cruz

Mortgage rule changes that came into effect January 1 have made rates and qualifying much more complicated, which means it’s important to get ...

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The Holiday Hangover

The Holiday Hangover

January 11, 2018 | Posted by: Ask Ana Cruz

We are almost a couple of weeks into the new year and some of you may be feeling ' The Holiday Hangover.'    I'm sure many of you are feeling pumped about your new goals an ...

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What do budgeting and dieting have in common?

What do budgeting and dieting have in common?

January 9, 2018 | Posted by: Ana Cruz

For most people one of these two will make it onto their new years resolution list. Whether its saving for a vacation, retirement, paying off your credit cards or mortgages, eating healthy, start exer ...

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Purchase or refinance now before rules change in January

Purchase or refinance now before rules change in January

November 16, 2017 | Posted by: Ana Cruz

If you’re looking to buy and will have more than 20 percent down, or if you are considering refinancing, then you might want to do so before January 1, 2018. Why? On October 17, the Office of th ...

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Important - Mortgage Change Announcement

Important - Mortgage Change Announcement

October 4, 2016 | Posted by: Ask Ana Cruz

UNDERSTANDING THE LATEST MORTGAGE CHANGES Yesterday Finance Minister, Bill Morneau announced some upcoming changes to the housing industry that will come into effect October 17th, 2016 . Although se ...

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4 Strategies That Can Help You Get PreApproved

4 Strategies That Can Help You Get PreApproved

April 8, 2015 | Posted by: Ask Ana Cruz

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ...

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5 easy ways to be mortgage free sooner!

5 easy ways to be mortgage free sooner!

February 23, 2015 | Posted by: Ask Ana Cruz

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l ...

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